Define: Uncommitted Facility

UK Accounting Glossary

Definition: Uncommitted Facility


Quick Summary of Uncommitted Facility


An uncommitted facility is a borrowing agreement that allows the lender to determine how much it will lend to the borrower at a given time.



What is the dictionary definition of Uncommitted Facility?

Dictionary Definition


An uncommitted facility is an agreement between a bank and a company in which the bank agrees in principle to make funding available to the company but is under no obligation to provide a set amount of funding; If a loan is made it likely will be only for a short period.

Examples include: a money market line or an overdraft.


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Uncommitted Facility. PayrollHeaven.com. Retrieved April 04, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/uncommitted-facility/

Definition Sources


Definitions for Uncommitted Facility are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 6th May 2019.